CFOU.TO vs. NRGU.TO

Last updated Jul 14, 2026

CFOU.TO (BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF) and NRGU.TO (BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF) are both Leveraged Equities funds from Global X. CFOU.TO is passively managed, while NRGU.TO is actively managed. Over the past 10 years, CFOU.TO returned 25.52%/yr vs 5.23%/yr for NRGU.TO. At a 0.44 correlation, their price movements are largely independent.

Performance

CFOU.TO vs. NRGU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) and BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFOU.TO achieves a 49.68% return, which is significantly lower than NRGU.TO's 75.89% return. Over the past 10 years, CFOU.TO has outperformed NRGU.TO with an annualized return of 25.52%, while NRGU.TO has yielded a comparatively lower 5.23% annualized return.

CFOU.TO

• 1D: -0.55%
• 1M: 10.36%
• 6M: 44.86%
• YTD: 49.68%
• 1Y: 114.05%
• 3Y*: 64.59%
• 5Y*: 33.79%
• 10Y*: 25.52%

NRGU.TO

• 1D: 6.31%
• 1M: -3.46%
• 6M: 76.21%
• YTD: 75.89%
• 1Y: 113.10%
• 3Y*: 40.23%
• 5Y*: 47.37%
• 10Y*: 5.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CFOU.TO vs. NRGU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFOU.TO BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF	49.68%	69.17%	56.15%	18.37%	-23.64%	79.61%	-14.72%	40.48%	-21.69%	22.51%
NRGU.TO BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF	75.89%	21.43%	16.67%	-5.38%	96.21%	201.95%	-76.24%	9.01%	-51.57%	-25.98%

Correlation

The correlation between CFOU.TO and NRGU.TO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 26, 2007	0.44

The correlation between CFOU.TO and NRGU.TO shifts across timeframes, from -0.17 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

CFOU.TO vs. NRGU.TO - Sectors Allocation Comparison

Sectors	CFOU.TO	NRGU.TO
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CFOU.TO vs. NRGU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFOU.TO

CFOU.TO Risk / Return Rank: 97
CFOU.TO Sharpe Ratio Rank: 98
CFOU.TO Sortino Ratio Rank: 97
CFOU.TO Omega Ratio Rank: 96
CFOU.TO Calmar Ratio Rank: 96
CFOU.TO Martin Ratio Rank: 96

NRGU.TO

NRGU.TO Risk / Return Rank: 79
NRGU.TO Sharpe Ratio Rank: 90
NRGU.TO Sortino Ratio Rank: 74
NRGU.TO Omega Ratio Rank: 73
NRGU.TO Calmar Ratio Rank: 83
NRGU.TO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFOU.TO vs. NRGU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) and BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CFOU.TO	NRGU.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.51	2.36	+2.15
Sortino ratio: Return per unit of downside risk	5.10	2.62	+2.48
Omega ratio: Gain probability vs. loss probability	1.67	1.34	+0.33
Calmar ratio: Return relative to maximum drawdown	7.13	3.57	+3.56
Martin ratio: Return relative to average drawdown	29.14	10.79	+18.35

CFOU.TO vs. NRGU.TO - Sharpe Ratio Comparison

The current CFOU.TO Sharpe Ratio is 4.51, which is higher than the NRGU.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of CFOU.TO and NRGU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFOU.TO vs. NRGU.TO - Drawdown Comparison

The maximum CFOU.TO drawdown since its inception was -86.23%, smaller than the maximum NRGU.TO drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for CFOU.TO and NRGU.TO.

Drawdown Indicators

	CFOU.TO	NRGU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-86.23%	-99.71%	+13.48%
Max Drawdown (1Y) Largest decline over 1 year	-16.08%	-31.84%	+15.76%
Max Drawdown (3Y) Largest decline over 3 years	-24.95%	-51.12%	+26.17%
Max Drawdown (5Y) Largest decline over 5 years	-45.23%	-52.50%	+7.27%
Max Drawdown (10Y) Largest decline over 10 years	-67.30%	-97.54%	+30.24%
Current Drawdown Current decline from peak	-0.55%	-85.57%	+85.02%
Average Drawdown Average peak-to-trough decline	-22.32%	-83.55%	+61.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	10.53%	-6.60%

Volatility

CFOU.TO vs. NRGU.TO - Volatility Comparison

The current volatility for BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (CFOU.TO) is 6.49%, while BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (NRGU.TO) has a volatility of 16.66%. This indicates that CFOU.TO experiences smaller price fluctuations and is considered to be less risky than NRGU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFOU.TO	NRGU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	16.66%	-10.17%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	40.62%	-19.20%
Volatility (1Y) Calculated over the trailing 1-year period	25.48%	48.35%	-22.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	57.30%	-29.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.79%	66.56%	-32.77%

Dividends

CFOU.TO vs. NRGU.TO - Dividend Comparison

Neither CFOU.TO nor NRGU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CFOU.TO and NRGU.TO in my portfolio?

CFOU.TO and NRGU.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.